Columbia West Capital News - Southwest Deal Intelligence
08.22.18 Utah Deal Intelligence - July 2018


This report is prepared as a courtesy to the Utah business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.

M&A - Strategic

7/1/2018 Tarkett S.A. (ENXTPA:TKTT) acquired The Tennis and Track Company. The terms of the transaction were not disclosed. The Tennis and Track Company provides construction services for athletic facilities and is based in Salt Lake City.

7/2/2018 INSURICA, Inc. acquired Employer Solutions Group, Inc. The terms of the transaction were not disclosed. Employer Solutions Group operates as a professional employer organization and is based in Provo.

7/2/2018 EQT Fund Management S.A.R.L agreed to acquire SUSE International Holdings GmbH, SUSE GmbH, and SUSE LLC from Novell, Inc. for $2.5 billion. Novell provides net services software solutions that deliver services to secure various networks and is based in Provo.

7/9/2018 ADP AdvancedMD, Inc. acquired Nuesoft Technologies, Inc. The terms of the transaction were not disclosed. ADP AdvancedMD provides cloud-based practice management, electronic health record (EHR), and medical scheduling software for medical practices and billing companies in the United States and is based in South Jordan.

7/9/2018 Squire & Company, PC agreed to acquire Pinnock, Robbins, Posey & Richins, P.C. The terms of the transaction were not disclosed. Pinnock, Robbins, Posey & Richins is an independent, certified public accounting firm and is based in Salt Lake City. Squire & Company is a business services and accounting firm based in Orem.

7/11/2018 Showbie Inc. acquired Socrative, Inc. from MasteryConnect Inc. The terms of the transaction were not disclosed. MasteryConnect operates an online community for educators in the United States and is based in Sandy.

7/11/2018 InfoWest, Inc. acquired the Southern Utah Operations of Vivint Wireless, Inc. The terms of the transaction were not disclosed. Vivint Wireless provides broadband wireless services that directly deliver broadband access over Wi-Fi and is based in Provo. InfoWest provides high-speed Internet to residents and businesses in Southern Utah and is based in St. George.

7/18/2018 Bristol Hospice, LLC acquired Optimal Health Services, Inc. The terms of the transaction were not disclosed. Bristol Hospice provides hospice healthcare services and is based in Salt Lake City.

7/18/2018 Future US, Inc. agreed to acquire the B2C Business Division of Purch, Inc. for $132.5 million. Purch operates a digital content and services company that makes complex buying decisions easy for consumers and businesses monthly and is based in Ogden.

7/30/2018 Johnson & Johnson Consumer Inc. agreed to acquire Zarbee's, Inc. The terms of the transaction were not disclosed. Zarbee's manufactures and sells cough and throat relief, and immune support products, as well as vitamins and supplements for kids, children, and adults and is based in Draper. Finn Dixon & Herling, L.L.P. is serving as legal advisor to Zarbee's.

7/30/2018 Imagine Learning, Inc. acquired Reasoning Mind, Inc. The terms of the transaction were not disclosed. Imagine Learning develops language, literacy, and mathematics solutions for pre-K-12 students and is based in Provo.

7/31/2018 ZAGG Inc (NasdaqGS:ZAGG) acquired Braven LC from Incipio, LLC. The terms of the transaction were not disclosed. Braven designs, manufactures, and sells portable Bluetooth speakers for mobile consumers across the world and is based in Provo. ZAGG designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally and is based in Midvale. Durham Jones & Pinegar served as legal advisor to ZAGG.

Private Placements

7/24/2018 DivvyPay, Inc. announced that it has received $35.0 million in its Series B round of funding led by new investor Insight Venture Partners LLC. DivvyPay operates a payment and business budgeting platform and is based in Lehi.

7/24/2018 Finicity Corporation announced that it has received $29.0 million from two investors. Finicity Corporation provides personal financial management and consumer financial wellness platform solutions and is based in Murray.

7/25/2018 LSK BioPartners, Inc., dba LSK BioPharma, announced that it has received $20.2 million from existing investor HLB Co., Ltd (KOSDAQ:A028300). LSK BioPharma engages in the development of healthcare products and provision of product development services to pharmaceutical companies in the United States and internationally and is based in Salt Lake City.

7/30/2018 Merit Medical Systems, Inc. (NASDAQ:MMSI) closed a $205.0 million follow-on public offering. Merit Medical Systems is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures and is based in South Jordan. Parr Brown Gee & Loveless served as legal advisor to Merit Medical Systems.